While some banks are charging customers a monthly fee for using their debit card on purchases or if the account balance is below the minimum requirement, some banks are giving customers some sweeteners.

For example, Bank of America has an ongoing automatic savings promotion to customers dubbed as the “Keep the Change Program.” The bank’s program aims to encourage customers to save while spending.

Customers can grow their savings automatically since the bank will match 100% of the customers Keep The Change savings. This will go after a customer enrolls into the program.

Interested? Here is what you need to do:

1. Enroll your checking, debit card or savings account to Bank of America’s Keep The Change program. Rewards cards are excluded from this promotion as well as small business accounts. Only personal accounts are eligible to participate in the program. Money market savings accounts are also eligible.

2. After enrolling your personal account, the bank will round up all your debit card purchases to the nearest dollar amount and transfer the difference from your checking account to your savings account.

3. Bank of America will match 100% of your Keep The Change savings for the first 3 months after you enroll which could reach to a total match of $250.

For example, if you use your debit card to purchase gas amounting to $32.17, $0.83 will be added to your savings. After a 100% match, a $1.66 total will be added to your savings.

Please note that eligible accounts include regular savings, which requires a minimum balance of $25.00. Matching funds are paid after the first anniversary of enrollment on accounts that remain open and enrolled. Also, Bank of America will only match Keep The Change transfers up to five checking accounts per depositor or up to five checking accounts per household. This includes joint accounts.

Tags: Bank of America Keep The Change program, keep the change program, savings promotion